TVS Motor is infiltrating more in Ultraviolette EV

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Ultraviolette EV has announced that they have received Rs.30 Cr as apart of Series B investment from TVS motors today. The picture was taken during the F77 Launch event The EV is the future of transportation as almost all the automobile companies are trying to enter or establish their own EV product line. Companies like TESLA, Rivian, AUDI, BMW and a few others had already made their impression in EV. But in India, the story is different because there are very few EV players on a small scale level. Companies like TATA and Hero moto corp are investing nickles and dimes many EV startups like Tork motors and Ather Energy. An Inside outlook to F77 Likewise, TVS motors have invested in Ultraviolette Automotive an EV startup based on Karnataka, India. They made an initial investment of Rs.11 Cr around 2017, Then extended their investment by preference share of Rs.5 Cr in last fiscal. But in today’s news Ultraviolette Automotive has said that they have risen another Rs.30 Cr as a part of the...
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‘Fair & Lovely’ is no more the same, HUL to drop ‘Fair’ form 'Fair & Lovely' in bid to be inclusive:

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‘Fair & Lovely’ is no more the same, HUL to drop ‘Fair’ form 'Fair & Lovely' in bid to be inclusive:

Today 25th June 2020, The famous FMCG brand HUL announced that it is gonna be more inclusive with its well-renowned cosmetic product ‘Fair & Lovely’ as its dropping the word ‘Fair’ to be inclusive for all skin tones.


The brand is going to rebrand the product by removing ‘Fair’, amid continuing anti-racism protest and activism, triggered by the police killing of an African-American George Floyd. The product is First introduced in India decades ago, Fair & Lovely became a bestselling product by racking up sales of about Rs 4,000 crore in 2019, as it tapped into the perspective that equated fairness with beauty.

This is the recent tweet from the parent company Unilever in which they said “We’re committed to a skincare portfolio that's inclusive of all skin tones, celebrating the diversity of beauty. That’s why we’re removing the words ‘fairness’, ‘whitening’ & ‘lightening’ from products, and changing the Fair & Lovely brand name”. A lot of interesting things is happening around during this lockdown lets see what comes next.


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Sony will focus and increase it’s overall value, as the company has decided to change the name after 62 years:

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Sony corporation will make some series of changes to its organization structure, Financial services and the biggest of all name change. Effective from April 1, 2021, all these changes will be made as the company said in a press release on May 19, 2020. These changes are made with the objective to increasing the overall value of the Sony corporation from a long-term perspective, the key missions of Sony Corporation will be: 1-business portfolio management & strategic capital allocation, 2-value creation through Group synergies and business incubation, and 3-investment in the talent and technology that form the foundations of innovation. From the next fiscal ‘sony corporation’ will be renamed as ‘sony group corporation’, sony electronics corporation which deals with the sony origin business(electronic products) will succeed to the name ‘sony corporation’ and few other changes to its financial Services and executive structure reform. Sony has faced some issues with the competitor in...
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TVS Motor is infiltrating more in Ultraviolette EV

By -
Image
Ultraviolette EV has announced that they have received Rs.30 Cr as apart of Series B investment from TVS motors today. The picture was taken during the F77 Launch event The EV is the future of transportation as almost all the automobile companies are trying to enter or establish their own EV product line. Companies like TESLA, Rivian, AUDI, BMW and a few others had already made their impression in EV. But in India, the story is different because there are very few EV players on a small scale level. Companies like TATA and Hero moto corp are investing nickles and dimes many EV startups like Tork motors and Ather Energy. An Inside outlook to F77 Likewise, TVS motors have invested in Ultraviolette Automotive an EV startup based on Karnataka, India. They made an initial investment of Rs.11 Cr around 2017, Then extended their investment by preference share of Rs.5 Cr in last fiscal. But in today’s news Ultraviolette Automotive has said that they have risen another Rs.30 Cr as a part of the...
Read more